A quick peek into the report
Table of Contents
1.1 Industry Outlook
1.1.1 Medium and Heavy-Lift Launch Vehicle Market: Overview
1.1.2 Launch Vehicle Mapping and Satellite/Payload
1.1.3 Growth of Small Lift Launch Vehicle Market
1.1.3.1 Demand Analysis of the Global Small Lift Launch Vehicle Market
1.1.4 Future Technological Trends
1.1.4.1 Propulsion System
1.1.5 Spaceports: Capability Analysis
1.1.6 Sustainability
1.1.6.1 Propulsion: Alternate Fuel
1.1.6.2 Evolving Regulations Related to the Green Fuel
1.1.6.3 Reusable Launch Vehicle
1.1.7 Supply Chain Analysis
1.1.8 Evolving End User Requirements
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Government Spending on Space Capabilities
1.2.1.2 Steadily Growing Number of Satellite Operators in the Space Industry
1.2.1.3 Emergence of New Market Segment in the Space Industry
1.2.1.4 Growing Demand for Dedicated Launch Services
1.2.1.5 Emergence of Spaceport-Based Business Model
1.2.2 Business Challenges
1.2.2.1 Long Development Timelines for New Launch Vehicles
1.2.2.2 Lack of Access to Launch Infrastructure
1.2.3 Business Opportunities
1.2.3.1 Commercial Space Stations
1.2.3.2 Deep Space Missions
1.3 Business Strategies
1.3.1 Partnerships, Collaborations, Agreements, and Contracts
1.3.2 Mergers and Acquisitions
2.1 Global Medium and Heavy-Lift Launch Vehicle Market (by End User)
2.1.1 Overview
2.1.1.1 Demand Analysis of the Global Medium and Heavy-Lift Launch Vehicle Market (by End User)
2.1.2 Commercial
2.1.3 Government
3.1 Global Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
3.1.1 Market Overview
3.1.1.1 Demand Analysis of the Global Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
3.1.2 Structure
3.1.2.1 Demand Analysis of the Global Medium and Heavy-Lift Launch Vehicle Market (by Structure)
3.1.3 Avionics
3.1.3.1 Demand Analysis of the Global Medium and Heavy-Lift Launch Vehicle Market (by Avionics)
3.1.4 Propulsion
3.1.4.1 Demand Analysis of the Global Medium and Heavy-Lift Launch Vehicle Market (by Propulsion)
3.1.5 Control System
3.1.5.1 Demand Analysis of the Global Medium and Heavy-Lift Launch Vehicle Market (by Control System)
3.1.6 Electrical System
3.1.6.1 Demand Analysis of the Global Launch Vehicle Market (by Electrical System)
3.1.7 Stage Separation
3.1.7.1 Demand Analysis of the Global Medium and Heavy-Lift Launch Vehicle Market (Stage Separation)
3.1.8 Thermal System
3.1.8.1 Demand Analysis of the Global Medium and Heavy-Lift Launch Vehicle Market (by Thermal System)
3.2 Global Medium and Heavy-Lift Launch Vehicle Market (by Payload)
3.2.1 Market Overview
3.2.2 Satellite
3.2.3 Cargo
3.2.4 Human
3.3 Global Medium and Heavy-Lift Launch Vehicle Market (by Launch Vehicle Class)
3.3.1 Market Overview
3.3.1.1 Demand Analysis of the Global Medium and Heavy-Lift Launch Vehicle Market (by Launch Vehicle Class)
3.3.2 Medium Lift Launch Vehicle
3.3.3 Heavy Lift Launch Vehicle
3.3.4 Super Heavy Lift Launch Vehicle
4.1 Global Medium and Heavy-Lift Launch Vehicle Market (by Region)
4.2 North America
4.2.1 Market
4.2.1.1 Key Launch Vehicle Manufacturers and Launch Service Providers in North America
4.2.2 Application
4.2.2.1 North America Medium and Heavy-Lift Launch Vehicle Market (by End User)
4.2.3 Product
4.2.3.1 North America Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
4.2.4 North America (by Country)
4.2.4.1 U.S.
4.2.4.1.1 Market
4.2.4.1.1.1 Key Launch Vehicle Manufacturers and Launch Service Providers in the U.S.
4.2.4.1.2 Application
4.2.4.1.2.1 U.S. Medium and Heavy-Lift Launch Vehicle Market (by End User)
4.2.4.1.3 Product
4.2.4.1.3.1 U.S. Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
4.3 Europe
4.3.1 Market
4.3.1.1 Key Launch Vehicle Manufacturers and Launch Service Providers in Europe
4.3.2 Application
4.3.2.1 Europe Medium and Heavy-Lift Launch Vehicle Market (by End User)
4.3.3 Product
4.3.3.1 Europe Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
4.3.4 Europe (by Country)
4.3.4.1 Italy
4.3.4.1.1 Market
4.3.4.1.2 Key Launch Vehicle Manufacturers and Launch Service Providers in Italy
4.3.4.1.3 Application
4.3.4.1.3.1 Italy Medium and Heavy-Lift Launch Vehicle Market (by End User)
4.3.4.1.4 Product
4.3.4.1.4.1 Italy Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
4.3.4.2 France
4.3.4.2.1 Market
4.3.4.2.1.1 Key Launch Vehicle Manufacturers and Launch Service Providers in France
4.3.4.2.2 Application
4.3.4.2.2.1 France Medium and Heavy-Lift Launch Vehicle Market (by End User)
4.3.4.2.3 Product
4.3.4.2.3.1 France Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
4.3.4.3 Russia
4.3.4.3.1 Market
4.3.4.3.1.1 Key Launch Vehicle Manufacturers and Launch Service Providers in Russia
4.3.4.3.2 Application
4.3.4.3.2.1 Russia Medium and Heavy-Lift Launch Vehicle Market (by End User)
4.3.4.3.3 Product
4.3.4.3.3.1 Russia Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
4.3.4.4 Rest-of-Europe
4.3.4.4.1 Market
4.4 Asia-Pacific
4.4.1 Market
4.4.1.1 Key Launch Vehicle Manufacturers and Launch Service Providers in the Asia-Pacific
4.4.2 Application
4.4.2.1 Asia-Pacific Medium and Heavy-Lift Launch Vehicle Market (by End User)
4.4.3 Product
4.4.3.1 Asia-Pacific Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
4.4.4 Asia-Pacific (by Country)
4.4.4.1 China
4.4.4.1.1 Market
4.4.4.1.1.1 Key Launch Vehicle Manufacturers and Launch Service Providers in China
4.4.4.1.2 Application
4.4.4.1.2.1 China Medium and Heavy-Lift Launch Vehicle Market (by End User)
4.4.4.1.3 Product
4.4.4.1.3.1 China Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
4.4.4.2 India
4.4.4.2.1 Market
4.4.4.2.1.1 Key Launch Vehicle Manufacturers and Launch Service Providers in India
4.4.4.2.2 Application
4.4.4.2.2.1 India Medium and Heavy-Lift Launch Vehicle Market (by End User)
4.4.4.2.3 Product
4.4.4.2.3.1 India Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
4.4.4.3 Japan
4.4.4.3.1 Market
4.4.4.3.1.1 Key Launch Vehicle Manufacturers and Launch Service Providers in Japan
4.4.4.3.2 Application
4.4.4.3.2.1 Japan Medium and Heavy-Lift Launch Vehicle Market (by End User)
4.4.4.3.3 Product
4.4.4.3.3.1 Japan Medium and Heavy-Lift Launch Vehicle Market (by Subsystem)
4.4.4.4 Rest-of-Asia-Pacific
4.4.4.4.1 Market
4.5 Rest-of-the-World
4.5.1 Market
5.1 Competitive Benchmarking
5.2 Key Market Players
5.2.1 ArianeGroup
5.2.1.1 Company Overview
5.2.1.1.1 Role of ArianeGroup in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.1.1.2 Product Portfolio
5.2.1.2 Business Strategies
5.2.1.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.1.3 Analyst View
5.2.2 Blue Origin, LLC
5.2.2.1 Company Overview
5.2.2.1.1 Role of Blue Origin, LLC in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.2.1.2 Product Portfolio
5.2.2.2 Analyst View
5.2.3 China Aerospace Science and Technology Corporation (CASC)
5.2.3.1 Company Overview
5.2.3.1.1 Role of China Aerospace Science and Technology Corporation (CASC) in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.3.1.2 Product Portfolio
5.2.3.2 Analyst View
5.2.4 Interorbital System
5.2.4.1 Company Overview
5.2.4.1.1 Role of Interorbital System in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.4.1.2 Product Portfolio
5.2.4.2 Analyst View
5.2.5 Indian Space Research Organization
5.2.5.1 Company Overview
5.2.5.1.1 Role of Indian Space Research Organization in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.5.1.2 Product Portfolio
5.2.5.2 Analyst View
5.2.6 Mitsubishi Heavy Industries, Ltd.
5.2.6.1 Company Overview
5.2.6.1.1 Role of Mitsubishi Heavy Industries, Ltd. in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.6.1.2 Product Portfolio
5.2.6.2 Analyst View
5.2.7 Northrop Grumman Corporation
5.2.7.1 Company Overview
5.2.7.1.1 Role of Northrop Grumman Corporation in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.7.1.2 Product Portfolio
5.2.7.2 Business Strategies
5.2.7.2.1 New Product Launches
5.2.7.3 Analyst View
5.2.8 Rocket Lab USA, Inc.
5.2.8.1 Company Overview
5.2.8.1.1 Role of Rocket Lab USA, Inc. in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.8.1.2 Product Portfolio
5.2.8.2 Business Strategies
5.2.8.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.8.3 Corporate Strategies
5.2.8.3.1 Mergers and Acquisitions
5.2.8.4 Analyst View
5.2.9 ROSCOSMOS
5.2.9.1 Company Overview
5.2.9.1.1 Role of ROSCOSMOS in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.9.1.2 Product Portfolio
5.2.9.2 Analyst View
5.2.10 Space Exploration Technologies Corporation
5.2.10.1 Company Overview
5.2.10.1.1 Role of Space Exploration Technologies Corporation in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.10.1.2 Product Portfolio
5.2.10.2 Business Strategies
5.2.10.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.10.3 Analyst View
5.2.11 United Launch Alliance, LLC
5.2.11.1 Company Overview
5.2.11.1.1 Role of United Launch Alliance, LLC in the Global Medium and Heavy-Lift Launch Vehicle Market
5.2.11.1.2 Product Portfolio
5.2.11.2 Business Strategies
5.2.11.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.11.3 Analyst View
5.3 Global Small Launch Vehicle Market Players
5.3.1 Global Small Launch Vehicle Market Players
6.1 Factors for Data Prediction and Modeling
7.1 Growth Opportunity 1: In-Space Propulsion for Medium and Heavy-Lift Launch Vehicle Market
7.1.1 Recommendation
7.2 Growth Opportunity 2: Avionics for Medium and Heavy-Lift Launch Vehicle Market
7.2.1 Recommendation
7.3 Growth Opportunity 3: Commercial Satellite Launches for Medium and Heavy-Lift Launch Vehicle Market
7.3.1 Recommendation
Table 1: Expected Launches of Small Satellite Constellations by 2026
Table 2: Launch Vehicle Mapping with Satellite/Payload, Orbit, and Launch Site
Table 3: Global Small Lift Launch Vehicle Market, $Million and Units, 2021-2032
Table 4: Technological Roadmap, 2010-2035
Table 5: Spaceport Details
Table 6: Partnerships, Collaborations, Agreements, and Contracts, January 2020-September 2022
Table 7: Mergers and Acquisitions, January 2020-September 2022
Table 8: Global Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 9: Global Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), $Million, 2021-2032
Table 10: Global Medium and Heavy-Lift Launch Vehicle Market (by Structure), $Million and Units, 2021-2032
Table 11: Global Medium and Heavy-Lift Launch Vehicle Market (by Avionics), $Million and Units, 2021-2032
Table 12: Global Medium and Heavy-Lift Launch Vehicle Market (by Propulsion), $Million and Units, 2021-2032
Table 13: Global Medium and Heavy-Lift Launch Vehicle Market (by Control System), $Million and Units, 2021-2032
Table 14: Global Medium and Heavy-Lift Launch Vehicle Market (by Electrical System), $Million and Units, 2021-2032
Table 15: Global Medium and Heavy-Lift Launch Vehicle Market (Stage Separation), $Million and Units, 2021-2032
Table 16: Global Medium and Heavy-Lift Launch Vehicle Market (by Thermal System), $Million and Units, 2021-2032
Table 17: Global Medium and Heavy-Lift Launch Vehicle Market (by Launch Vehicle Class), $Million and Units, 2021-2032
Table 18: Global Medium and Heavy-Lift Launch Vehicle Market (by Region), $Million and Units, 2021-2032
Table 19: North America Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 20: North America Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), 2021-2032
Table 21: U.S. Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 22: U.S. Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), 2021-2032
Table 23: Europe Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 24: Europe Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), 2021-2032
Table 25: Italy Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 26: Italy Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), 2021-2032
Table 27: France Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 28: France Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), 2021-2032
Table 29: Russia Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 30: Russia Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), 2021-2032
Table 31: Asia-Pacific Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 32: Asia-Pacific Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), 2021-2032
Table 33: China Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 34: China Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), 2021-2032
Table 35: India Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 36: India Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), 2021-2032
Table 37: Japan Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million and Units, 2021-2032
Table 38: Japan Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), 2021-2032
Table 39: Benchmarking and Weightage Parameters
Table 40: ArianeGroup: Product and Service Portfolio
Table 41: ArianeGroup: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 42: Blue Origin, LLC: Product Portfolio
Table 43: China Aerospace Science and Technology Corporation (CASC): Product Portfolio
Table 44: Interorbital System: Product Portfolio
Table 45: Indian Space Research Organization: Product Portfolio
Table 46: Mitsubishi Heavy Industries, Ltd.: Product Portfolio
Table 47: Northrop Grumman Corporation: Product Portfolio
Table 48: Northrop Grumman Corporation: Agreements and Contracts
Table 49: Rocket Lab USA, Inc.: Product Portfolio
Table 50: Rocket Lab USA, Inc.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 51: Rocket Lab USA, Inc.: Mergers and Acquisitions
Table 52: ROSCOSMOS: Product Portfolio
Table 53: Space Exploration Technologies Corporation: Product Portfolio
Table 54: Space Exploration Technologies Corporation: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 55: United Launch Alliance, LLC: Product Portfolio
Table 56: United Launch Alliance, LLC: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 57: Global Small Launch Vehicle (SLV) Market Players
Figure 1: Global Medium and Heavy-Lift Launch Vehicle Market, $Million, 2021-2032
Figure 2: Global Medium and Heavy-Lift Launch Vehicle Market, Units, 2021-2032
Figure 3: Global Medium and Heavy-Lift Launch Vehicle Market (by End User), $Million, 2021 and 2032
Figure 4: Global Medium and Heavy-Lift Launch Vehicle Market (by End User), Units, 2021 and 2032
Figure 5: Global Medium and Heavy-Lift Launch Vehicle Market (by Subsystem), $Million, 2021 and 2032
Figure 6: Global Medium and Heavy-Lift Launch Vehicle Market (by Launch Vehicle Class), $Million, 2021 and 2032
Figure 7: Global Medium and Heavy-Lift Launch Vehicle Market (by Launch Vehicle Class), Units, 2021 and 2032
Figure 8: Global Medium and Heavy-Lift Launch Vehicle Market (by Region), $Million, 2032
Figure 9: Global Medium and Heavy-Lift Launch Vehicle Market Coverage
Figure 10: Supply Chain Analysis of Medium and Heavy-Lift Launch Vehicle Market
Figure 11: Global Medium and Heavy-Lift Launch Vehicle Market, Business Dynamics
Figure 12: Global Government Space Spending, $Billion, 2020 and 2021
Figure 13: Global Medium and Heavy-Lift Launch Vehicle Market (by End User)
Figure 14: Global Medium and Heavy-Lift Launch Vehicle Market Players, Benchmarking Score, 2021
Figure 15: Research Methodology
Figure 16: Top-Down and Bottom-Up Approach
Figure 17: Assumptions and Limitations
Market Report Coverage
Medium and Heavy-Lift Launch Vehicle Market |
|||
Base Year |
2021 |
Market Size in 2021 |
$6.45 Billion |
Forecast Period |
2022-2032 |
Value Projection and Estimation by 2032 |
$9.75 Billion |
CAGR During Forecast Period |
3.90% |
Number of Tables |
57 |
Number of Pages |
149 |
Number of Figures |
17 |
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of the companies’ coverage, product portfolio, and market penetration.
In 2021, the top segment players leading the market included established players providing medium and heavy-lift launch vehicles, which constituted 90% of the presence in the market. Emerging market participants included startup entities that accounted for approximately 10% of the presence in the market.
Some of the prominent established names in this market are:
• ArianeGroup
• Blue Origin, LLC
• China Aerospace Science and Technology Corporation (CASC)
• Interorbital System
• Indian Space Research Organization
• Mitsubishi Heavy Industries, Ltd.
• Northrop Grumman Corporation
• Rocket Lab USA, Inc.
• ROSCOSMOS
• Space Exploration Technologies Corporation
• United Launch Alliance, LLC
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different types of medium and heavy-lift launch vehicles and their potential globally. Moreover, the study provides the reader a detailed understanding of the different medium and heavy-lift launch vehicles based on end user, subsystem, payload, and launch vehicle class.
Growth/Marketing Strategy: The global medium and heavy-lift launch vehicle market has seen major development by key players operating in the market, such as business expansion, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been contracts, enabling them to strengthen their positions in the global medium and heavy-lift launch vehicle market. For instance, in August 2021, Rocket Lab USA, Inc. completed a merger with Vector Acquisition Corporation. The combined company will retain Rocket Lab USA, Inc. The proceeds are expected to accelerate organic and inorganic growth in Rocket Lab's space systems business, drive the development of the company’s reusable 8-ton payload class Neutron rocket, and support potential expansion into space applications, enabling Rocket Lab to deliver data and services from space.
Competitive Strategy: The key players in the global medium and heavy-lift launch vehicle market analyzed and profiled in the study involve medium and heavy-lift launch vehicle manufacturers that provide components and subsystems. Moreover, a detailed competitive benchmarking of the players operating in the global medium and heavy-lift launch vehicle market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Industry and Technology Overview
Global Medium and Heavy-Lift Launch Vehicle Market Overview
The global medium and heavy-lift launch vehicle market is estimated to reach $9.75 billion in 2032 from $6.45 billion in 2021, at a growth rate of 3.90% during the forecast period 2022-2032. The growth in the global medium and heavy-lift launch vehicle market is expected to be driven by increasing space budgets of countries across the globe. The governments of the U.S., Russia, France, Germany, Italy, China, Japan, South Korea, and India are among the top spenders in the global space sector. In 2021, global government expenditure for space programs was over $92 billion, a 10.7% increase in Y-o-Y from 2020. The U.S. is the highest spender across the globe, followed by China. With an increase in space spending, the spending on launch vehicle manufacturing is expected to rise.
Market Lifecycle Stage
The market demand for launch vehicles is expected to propel over the forecast period 2022-2032, owing to an increase in the number of proposed satellites. Growing demand to form large constellations of communications satellites bringing broadband to everyone, commercial human spaceflight, position navigation and timing, and greater space exploration and monitoring are prominent factors proliferating the global medium and heavy-lift launch vehicle market.
The commercial satellite industry has a long track record of responsible operations in space and counts on a safe environment to undertake ongoing and future space business. Solidifying the participation and support of the commercial industry to ensure the widespread adoption of space safety practices is critical and might reduce the need for unnecessary and often burdensome regulations and is an action that can be taken now.
The ongoing commercial innovations across space debris tracking, fusion and analytics, space data collection, launch vehicle design, and space weather are anticipated to enhance the current space safety regime and ensure that the safety of flight products is comprehensive, timely, accurate, and highly available. Key market players, including established and new entrants, focus on reusable small launch vehicles (SLVs) to reduce cost. For instance, Falcon 9, manufactured and launched by SpaceX, is a partially re-useable, medium-lift launch vehicle that can carry cargo and humans into Earth orbit, even reaching the International Space Station (ISS). As of September 2022, Falcon 9 had the most launches among the medium and heavy-lift launch vehicles in the U.S.
Global Medium and Heavy-Lift Launch Vehicle Market, $Million, 2021-2032
Impact
The global medium and heavy-lift launch vehicle market is expected to cater to the growing demand for satellite launches. Government and commercial end users are awarding multi-year contracts with the launch vehicle manufacturers and launch service providers, driving the demand for medium and heavy-lift launch vehicles. New upgraded launch vehicles are replacing older launch vehicles and are securing launch contracts in advance. For instance, the project cost of Ariane 6 is estimated to be about $3.6 billion. The launch cost for Ariane 62 is expected to be $75 million, while the cost for Ariane 64 might soar up to $115 million. In December 2021, VA256, a variant of Ariane 5, launched the James Webb Space Telescope toward the Sun-Earth L2 halo orbit.
North America is a prominent region in terms of medium and heavy-lift launch vehicle manufacturing due to key launch vehicle manufacturers, suppliers, and launch service providers such as SpaceX, United Launch Alliance, and Northrop Grumman Corporation. SpaceX's Falcon Heavy and Delta IV Heavy of the United Launch Alliance (ULA) are the top two heavy lift launch vehicles in the region and also across the globe. ULA will retire the Delta IV Heavy in 2024. In December 2020, for the final five missions (12-16), including modifications, ULA was awarded $2.2 billion or $440 million per launch. Comparatively, the Falcon Heavy launch price is estimated to be between $90 million and $150 million per launch.
Market Segmentation:
Segmentation 1: by End User
• Commercial
• Government
Based on end user, the global medium and heavy-lift launch vehicle market is expected to be dominated by the government segment.
Segmentation 2: by Subsystem
• Structure
• Avionics
• Propulsion
• Control System
• Electrical System
• Stage Separation
• Thermal System
Based on subsystem, the global medium and heavy-lift launch vehicle market is dominated by the propulsion segment.
Segmentation 3: by Launch Vehicle Class
• Medium Lift Launch Vehicle
• Heavy Lift Launch Vehicle
• Super Heavy Lift Launch Vehicle
Based on the launch vehicle class, the global medium and heavy-lift launch vehicle market is dominated by the medium lift launch vehicle segment.
Segmentation 4: by Payload
• Satellite
• Cargo
• Human
Segmentation 5: by Region
• North America - U.S.
• Europe - France, Russia, Italy, and Rest-of-Europe
• Asia-Pacific - China, Japan, India, and Rest-of-Asia-Pacific
Asia-Pacific is the prominent region that is expected to generate considerable revenue from the medium and heavy-lift launch vehicle market.
Recent Developments in the Global Medium and Heavy-Lift Launch Vehicle Market
• In September 2022, OneWeb and Arianespace signed an agreement following the suspension of the launches. OneWeb and Arianespace are determined to examine future opportunities together, especially on the Ariane 6 Launch Vehicle for the second generation of the constellation.
• In July 2022, NASA awarded SpaceX a $255 million contract to launch the next space telescope, which will study dark energy and exoplanets. The Nancy Grace Roman Space Telescope, which is 2.4 meters in diameter, is slated to be launched in October 2026.
• In 2020, NASA awarded contracts worth $256.1 million to Eta Space, Lockheed Martin, SpaceX, and United Launch Alliance, with the collective objective to build, test, and validate the in-orbit fuel collection, storage, and distribution capability of these players.
• In December 2021, NASA signed an agreement with three U.S. companies to develop designs for space stations and other commercial destinations in space. The agreements are part of the agency’s efforts to enable a robust, U.S.-led commercial economy in the low Earth orbit (LEO). The total estimated award amount for all three funded Space Act Agreements is $415.6 million.
• In September 2021, Arianespace, a subsidiary of ArianeGroup, signed a contract with Skyloom. Arianespace would launch Skyloom’s first geostationary lasercom relay node using a heavy-lift vehicle, Ariane 64.
Demand - Drivers and Limitations
Following are the drivers for the global medium and heavy-lift launch vehicle market:
• Increasing Government Spending on Space Capabilities
• Steadily Growing Number of Satellite Operators in the Space Industry
• Emergence of New Market Segment in the Space Industry
• Growing Demand for Dedicated Launch Services
• Emergence of Spaceport-Based Business Model
Following are the challenges for the global medium and heavy-lift launch vehicle market:
• Long Development Timelines for New Launch Vehicles
• Lack of Access to Launch Infrastructure
Following are the opportunities for the global medium and heavy-lift launch vehicle market:
• Commercial Space Stations
• Deep Space Missions
Analyst Perspective
According to Arunkumar Sampathkumar, Principal Analyst, BIS Research, "The global medium and heavy-lift launch vehicle market is observing an increase in government spending toward launch vehicles subsystem and component manufacturing. A steadily growing number of satellite operators in the space industry is accelerating the global medium and heavy-lift launch vehicle market. Moreover, the launch service industry is experiencing significant changes owing to a shift toward dedicated launch services from the rideshare missions. The growing demand for dedicated launch services also supports the growth of the global medium and heavy-lift launch vehicle market."
Medium and Heavy-Lift Launch Vehicle Market - A Global and Regional Analysis
Focus on End User, Subsystem, Payload, Launch Vehicle Class, and Country - Analysis and Forecast, 2022-2032
Frequently Asked Questions
A launch vehicle with the capability of lifting a payload between 2,200 to 20,000 kg into Earth’s orbit is classified as a medium lift launch vehicle. A launch vehicle with the capability of lifting a payload between 20,000 to 50,000 kg into Earth’s orbit is classified as a heavy lift launch vehicle. A launch vehicle with the capability of lifting a payload of more than 50,000 kg into Earth’s orbit is classified as a super heavy lift launch vehicle.
The key trends in the global medium and heavy-lift launch vehicle market include the growing regional threat protection. The improving economic conditions of the emerging economies, as well as the increasing demand for commercial satellite launches, re-supply missions to space stations, space tourism, and deep space explorations, are key trends in the global medium and heavy-lift launch vehicle market.
The global medium and heavy-lift launch vehicle market has seen major developments by key players operating in the market, such as business expansions, contracts, partnerships, collaborations, mergers and acquisitions, and joint ventures. According to BIS Research, the majority of the companies preferred collaboration, contracts, and agreements as a strategy to further increase their growth in the global medium and heavy-lift launch vehicle market. Some of the key companies are United Launch Alliance, Northrop Grumman Corporation, Space Exploration Technologies Corp. (SpaceX), ArianeGroup, ROSCOSMOS, China Aerospace Science and Technology Corporation (CASC), Japan Aerospace Exploration Agency, Korea Aerospace Industries (KAI), Indian Space Research Organisation (ISRO), and Avio S.p.A.
New entrants in the global medium and heavy-lift launch vehicle market should focus on serial production facilities to supply against growing demand. Moreover, new entrants should reduce development timelines for launch vehicles.
The following can be seen as some of the USPs of the report:
· A dedicated section focusing on the futuristic trends adopted by the key players operating in the global medium and heavy-lift launch vehicle market
· A dedicated section on growth opportunities and recommendations
· A qualitative and quantitative analysis of medium and heavy-lift launch vehicles at the region and country level granularity based on end user and subsystem segments
Companies that manufacture components and subsystems of medium and heavy-lift launch vehicles, and also the satellite manufacturers and launch service providers for the medium and heavy-lift launch vehicles, should buy this report.